What is KOSPI and why did it just crash today?


It’s South Korea’s main stock index (like the S&P 500).
KOSPI crashed nearly 10% in a single day. This move was part of the wider global tech/AI correction we’ve been seeing, but South Korea’s market was hit especially hard because its stock market is heavily concentrated in semiconductors.
Is this just healthy profit-taking or the start of something bigger?
US500-0.98%
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